Yeah with scrubs like Hedman, Kucherov, Stamkos, Drouin, Johnson, Palat.. that team is going doooooown.
I think TJ will be another casualty of the Cap. Yzerman has to re-sign Johnson, Palat and Drouin this offseason. With the way 21yo Brayden Point has been playing with 86 and 18 though, that may not be a huge loss. Tyler Johnson has not been the same since his wrist injury. He's been slower all season as well.
The Lightning has very high character, high effort/energy prospects coming in Cirelli, Joseph, Howden, Stephens. They also have high risk/high reward prospects coming in Yan and Raddysh. Raddysh needs to work with Barb Underhill somethin' fierce though.
They're light at D, but Ben Thomas and Slater Koekkoek(if he's not taken in the expansion Draft) are coming along nicely. Many believe SKK should have been with the team all year in the first place.
Victor Hedman turns 27 next December and he's signed long term.
Yzerman will have to get rid of Garrison's contract at some point unless something changes. Entire D Corps except for Hedman, and later Jake Dotchin, regressed for large portions of the season. The Andrej Sustr experiment is over.
They're not on the way down. The Yzerplan is not perfect and has had hiccups along the way (MSL Trade was great until he re-signed Callahan), re-signed Roloson, signed Nabokov to give Vasy time to mature(didn't work and Vasy's development stalled a bit), couldn't move Bishop at the Draft last season and instead moved him this year, drafted Anthony DeAngelo instead of Fabbri to name a few. Overall though, it's a solid plan and he's been a classy steward of the best interests of the Lightning. There's no reason to believe that this season wasn't an aberration. If they don't make the playoffs, which they probably won't, it will give them time to recuperate during a long off-season they have not had the luxury of for quite awhile.